The Blue Futures Initiative aims to reduce environmental, social and economic risks, and build resilience by restoring natural capital. This will be achieved by:
- Broad adoption of the Sustainable Blue Economy Finance Principles Improved knowledge and awareness of the true value of the ocean’s natural capital, the risks of harmful business-as-usual practices and the benefits of sustainable blue economy development pathways create a tipping point that leads to broad adoption and implementation of the principles by the public and private sector finance community.
- An enabling environment that reduces risk and builds investor confidence
Strong and effective national sustainable blue economy strategies are in place, including integrated ecosystem-based management tools and approaches such as marine spatial planning, marine protected areas and community-based natural resources management. A range of enablers such as blended financing, guarantees, insurance, and fiscal and market-based incentives, as well as strategic capacity building, are also fully utilized, explored and piloted.